Drakesboro Volunteer Fire Department Inc

Analysis

Drakesboro Volunteer Fire Department Inc is a registered charity in United States, based in Drakesboro, KY. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Drakesboro Volunteer Fire Department Inc reported income of $255k and spending of $58k, leaving 77% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $71k to $255k (+257%), an average of +257% a year. The sharpest change came in the year to June 2024, when income rose by 257%. Over the whole period it spent 32% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Drakesboro Volunteer Fire Department Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within KY. Charities of a similar size with the same main cause include Aft Disaster Relief Fund ($255k), Ralpho Fire Co No 1 Inc ($255k) and Oakmont Fire Co No 1 of Haverford Township ($255k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $551k against liabilities of $0, net assets of $551k.